Policy and Strategy
Gov’t Establishes Kampong Som Municipality by Reallocating Five Communes from Prey Nob District
The Cambodian government has announced the formation of Kampong Som Municipality in Sihanoukville province by reassigning five communes from Prey Nob district, including Ream, Bit Trang, O’Oknha Heng, Boeung Ta Prohm, and O’Chrov. This significant administrative change was formalised through a sub-decree issued on 28 August 2024. Prime Minister Hun Manet declared that the newly […]
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Cambodian Gov’t Sets Ambitious USD 13bn Loan Ceiling Over Five Years
The Cambodian government has unveiled a comprehensive public debt management strategy for 2024-2028, setting a borrowing limit of up to US$13.5 billion over the next five years. This strategic plan outlines annual borrowing from financial institutions and foreign development partners, ranging between US$2.3 billion and US$2.7 billion. According to the new strategy, while the government […]
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Cambodian Gov’t Launches Free Travel Initiative to Boost Tourism in Northeast
The Cambodian government has announced the “Free Northeast Entertainment Program,” which allows citizens to travel for free to the Northeastern provinces of Kratie, Stung Treng, Mondulkiri, and Ratanakkiri every weekend from September to December 2024. This initiative, unveiled by PM Hun Manet during the one-year achievements of the Government of the 7th legislature of the […]
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Gov’t Waives Penalties for Expired Tour Guide Licenses to Boost Tourism Sector
The Cambodian government has announced it will waive all transitional penalties for tour guides and translators whose licenses have expired, extending this exemption until 31 December 2024. This measure, introduced to alleviate the compliance burden and encourage license renewals, was confirmed by the Ministry of Tourism on 23 August 2024. The ministry’s announcement aims to […]
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Cambodia Unveils Land Grant Program to Empower the Poor & Protect Forests
The Cambodian government has announced a new initiative, the Land Grant-Protection Program for Sustainable Development, which aims to provide social land concessions to impoverished Cambodians to curb deforestation and illegal encroachment on state land. Prime Minister Hun Manet outlined the program’s objectives during a special statement on the one-year achievements of the Royal Government of […]
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Thailand Changes Strategy to Attract Chinese Investors, Extends 99-year Lease & 75% of Condo Ownership to Foreigners
Chinese investors are rapidly increasing their presence in Thailand’s property market, with over 100 billion baht invested in key economic cities over the past 15 years, according to Property DNA and updated by The Star on 06 August 2024. This trend is expected to accelerate further as the Thai government considers extending the leasehold period […]
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Rapid Population Growth Threatens 17 Ancient Khmer Temples by 2030
A new study by foreign researchers has revealed that by 2030, 17 ancient Khmer temples in the Angkor resort area will be severely impacted by rapid population growth. This alarming prediction was shared during a consultation on the “Management of Angkor World Heritage Site” in Siem Reap, attended by nearly 800 participants and chaired by […]
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Cambodian Gov’t Establishes Smart City Development Steering Committee
In a decisive move towards urban innovation, the Cambodian government has formed a Smart City Development Coordinating and Steering Committee, underscoring its commitment to future-ready urban planning. The committee, established by a decision issued by PM Samdech Thipadei Hun Manet on 8 August 2024, is tasked with guiding the nation’s smart city initiatives, reflecting Cambodia’s […]
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CDC Collaborates with EUROCHAM to Streamline Business Procedures to Attract More Foreign Investment
Cambodia’s Council for the Development of Cambodia (CDC) and the European Chamber of Commerce in Cambodia (EUROCHAM) have taken significant steps to streamline investment procedures, aiming to attract more foreign investments into the country. In a strategic meeting held on 7 August 2024, chaired by HE Sun Chanthol, Deputy Prime Minister and first Vice President […]
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Indonesia Attracts US$123 Million in One Year with Golden Visa Strategy
Indonesia’s new “golden visa” policy has successfully attracted US$123 million in foreign investment within its first year. This initiative launched to entice foreign investors and businessmen to stay in the country for five to 10 years, has already issued nearly 300 permits since its pilot in August last year. The government aims to reach 1,000 […]
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